BankNifty opened with a big gap down near 35100, took support near 35000 zone which was physiological support and we saw a bounce towards 35347. We again saw a rejection from the yellow resistance line, we gave 35400 PE at 250 which gave us a good profit. I also updated when BankNifty came in the 34500-34900 zone and bought 35000 CE which also gave good...
Hello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone exists at 35200-400. 2. Strongest Resistance at 36000 . 3. Stronger Resistance at 35500 * Increasing resistance above 35500. Support Level : 1. 35000 is Strongest Support Level . 2. 34500 is a Strong Support. 3. 34800 is Good Support. Sideways Possibility: More Sideways above...
BankNifty opened with a flat and without breaking Thursday's high started coming down, we bought 36000 CE at the opening and then 35900 PE and booked profit in both the trades. We gave 35600 PE at 190 which went to 225+. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 35820 Sell Below 35600 To motivate me, Please like the idea If you agree...
SCENARIO 1 BUY ABOVE 35200 WITH TIGHT STOP LOSS. PRICE WILL MOVE RAPIDLY ABOVE 35339. SCENARIO 2 SELL BELOW 35020. WE CAN SEE A FALL UPTO 34700 STRONG SUPPORT: 35020 STRONG RESISTANCE RANGE: 35614 IMMEDIATE RESISTANCE: 35339 RESISTANCE RANGE: 35500 -35700 BANKNIFTYOPTIONS TO LOOK FOR BANKNIFTY 35400 CE 22 JULY BANKNIFTY 35500 CE 22 JULY BANKNIFTY 35000 PE 22 JULY
Good evening all, Freaky Friday..... Do you agree? Like I had mentioned on Thursday, the market was going to be tricky and it was. We had to manually close the trade at 100 points. Tomorrow is going to be no different, multiple swings over the past 2-3 sessions have created an immense amount of noise and hence doubt. The best trade in this scenario is to NOT...
Hello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone exists at 36200-300. 2. Strongest Resistance at 36000 . 3. Good Resistance at 36200 and 35800 * Increasing resistance above 36000. Support Level : 1. 35500 is Strongest Support Level . 2. 35000 is a Strong Support. 3. 35700 is Good Support. No Trade Zone : 35700-800 Sideways...
Good evening all, Finally..... Fort 35800 was breached and we climbed almost up to 36000 (15 points shy of the summit). Tomorrow is a different day, and tricky at that. The noise on my chart suggests so. If the market carries its 'long' sentiment from the past 5 sessions then; Long side view: Buy above 36070 Target 1 zone - 36180 to 36200 Target 2 -...
BankNifty opened with a minor gap-up and after consolidation, broke its previous resistance 35820 which was also our buy level, and gave a good up-move. We bought 35900 PE in the morning which gave profit, in the afternoon we bought 36000 CE around 25 which went to 45-46 level and we booked good profit in that too. Overall it's was a good day. For tomorrow, if...
Hello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone exists at 36200-400. 2. Strongest Resistance at 36000 . 3. Good Resistance at 36200 * Increasing resistance above 36000. Support Level : 1. 35500 is Strongest Support Level . 2. 35000 is a Strong Support. 3. 35800-900 is Good Support Zone . No Trade Zone : 35900-36000 Sideways...
As analyzed it was a volatile day, BankNifty opened with a minor gap-down and came towards 35500 levels, it formed the same pattern as yesterday and was not breaking the morning low. We bought 35400 CE at 265 and added more at 230-220 levels that gave good profit. In the second half, we bought 35800 and 35900 PE and both gave great profit. For tomorrow, if...
BankNifty opened with a big-gapup and faced resistance at 35500 zones, we bought 35500 PE at 225 which gave good profit. It didn't break the morning low and we saw good up-move once it broke the 35500 zones. If BankNifty breaks the 35820-35850 zone we may again see a good rally. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 35820 Sell Below...
Hello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone exists at 35700-800. 2. Strongest Resistance at 36000 . 3. Strong Resistance at 35700 * Increasing resistance above 36000. Support Level : 1. 35500 is Strongest Support Level . 2. 35000 is a Strong Support. 3. 35200-500 is Good Support Zone . No Trade Zone :...
Good evening all, What a day we had today, Post the huge gap up opening, a marvelous run of 350 points. For tomorrow, if the market has to go long, it will need to break the 35800 barrier which has been a multiple resistance point since June, post that; Long side view: Buy above 35800 Target 1 - 35950 Target 2 - 36050 (SL - 35700) However, if it breaks the...
Good evening all, For tomorrow, if the market has to go long, it will need to break the 35250 barrier it tested twice today, post that; Long side view: Buy above 35250 Target Zone 1 - 35340 -35390 Target 2 - 35500 Above 35500-35575, there is a good range of 200 points up to 35750-35800 However, if it breaks the trend line and goes down; Short Side view: Sell...
BankNifty opened with a gap-up and faced resistance near 35400 zones as analyzed yesterday. BankNifty is showing weakness in this zone and if we break 35000 zones tomorrow, we may see sharp selling. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 35210 Sell Below 34980 To motivate me, Please like the idea If you agree with the...
Good evening all, We are at a point where the index may open on either side. So; Long side view: Buy above 35230 Target 1 - 35335 Target 2 - 35430 ------ Short Side view: Sell below 34850 Target 1 - 34700 to 34620 Target 2 - 34520 However, If you like my idea..., do spread the word.
BankNifty opened with a gap-down near our sell level 35150 and made a low of 34860 in the first 30 mins. After that, we saw a high of 35225, and then it was in that range for the entire day. BankNifty could save the 35000-34900 zone on a closing basis and we may see a bounce towards 35400-35500. Expectations for Tomorrow: Trending day. Intraday Levels: Buy Above...